Beware of scammers: Flatworld does not hire freelancers. Our projects are executed in our facilities across the globe. For vendor selection contact here.

Talk to Our Experts

Schedule Your Free Consultation

We respect your privacy. Read our Policy.


Are you looking for expert assistance to streamline your default management process and manage the related tasks? Or, do you want to outsource mortgage default management support services to track discrepancies, categorize default borrowers & follow-up with them, and monetize unprofitable assets? If yes, then you must partner up with us.

Flatworld Solutions is a leading mortgage default management support services company with over 20 years of domain expertise in the mortgage industry. We can support you with a wide array of mortgage default management tasks, including collections, claims management, counseling, etc.

Mortgage Default Management Services We Offer

When you collaborate with us for mortgage default management solutions, our mortgage support team can cover all back-office support activities associated with the mortgage default process. We have built-in CRM, document management system and many mortgage experts with over a decade and half of experience in providing support services for the mortgage companies. A few mortgage default management services that we provide include -

Collections & Repayment Services


We render complete back-office mortgage support that will ensure you get timely repayments from your borrower. Our support functions include tracking of discrepancies in the payments and arranging of "demand letter," in the case of dispatching/shipment. Also, we can categorize the default borrowers, according to their level of income and follow-up with them according to a predetermined segment. Our services will help you reduce internal effort on managing legal issues associated with the reimbursement processes.

Loan Modification & Short Sales


Under our mortgage default management services, we can obtain vital supporting documents, such as unemployment benefit documents, invoices, and non-payment records to ascertain the financial health of the borrower and evaluate their loan adjustment eligibility. Our mortgage back-office services will provide you with detailed information to decide if a borrower's mortgage loan should be changed or if the short sale process should be started for closing. We can generate and maintain reports on the condition of the property, the existing market value and market moods to make sure that you get the unsettled mortgage amount in the least possible response times.

End-to-end Home Retention & Liquidation


Through our back-office support services for renovation mortgage, we can work with the lenders to provide the best alternatives and solutions to allow your clients to make mortgage default payments. We can devise the best strategies to recover the defaults according to the financial well-being of the borrower. Beginning from the liquidation of the property and lasting to the modifications of HAMP, we offer you the necessary mortgage default back-office solutions to effectively recover the arrear amount. Our team can also handle the generation of a deed in lieu of foreclosure in the event of non-payments.

Disposition & Asset Management Services


Our mortgage default experts can render their support services to help you manage non-performing assets for all sorts of mortgage loans, including VA loans, FHA loans, and USDA loans. We can also expedite the monetization of unprofitable assets that will be beneficial for the customers and the lenders.

In case of any foreclosure, we can emphasize reconciling with the borrowers and ensuring that you receive timely resolutions. This way, you can start audit process and prepare due-diligence reports. Moreover, we can help you with collation of proper documentation to protect the property in the event of continued defaults in the borrower's payment.

Claims Processing


In case of any foreclosure, we can emphasize reconciling with the borrowers and ensuring that you receive timely resolutions. This way, you can start audit process and prepare due-diligence reports. Moreover, we can help you with collation of proper documentation to protect the property in the event of continued defaults in the borrower's payment.

Also, under our mortgage default management solutions, we can render impeccable calculations on the reduction amounts for the loan default periods. Our mortgage back-office services are designed to help you determine the ideal recovery possibilities and alleviate losses by allowing you to make real-time decisions throughout the claim processing process.

Benefits of Choosing FWS for Mortgage Default Management Services

When you partner up with us for mortgage default management services, you will have a significant edge in the market over your competitors. We make sure that you get compliance friendly mortgage default solutions that will help you get maximum ROI. A few of the many benefits of choosing FWS for mortgage default management services are -

Our Mortgage Default Management Process

Mortgage default servicing entails servicing of default subprocesses, including loss mitigation, bankruptcy deed-in-lieu, short sale, foreclosure, etc. We provide complete back-office support mortgage default management services and can initiate the mortgage default servicing process that is time-tested and validated by several industry experts. Our mortgage default management process includes -

  1. Arrow Tracking of discrepancies
  2. Arrow Categorizing default borrowers based on their income
  3. Arrow Obtaining vital documents
  4. Arrow Generate and maintain reports on the condition of the property
  5. Arrow Manage non-performing assets
  6. Arrow Reconciling with the borrowers
  7. Arrow Send claims to defaults management team for further processing
  8. Arrow Arranging demand letter
  9. Arrow Follow-up with the borrower
  10. Arrow Evaluate borrower's loan adjustment eligibility
  11. Arrow Ascertain market value of the property
  12. Arrow Monetization of unprofitable assets
  13. Arrow Prepare claims
  14. Arrow Calculations on the reduction amounts

Mortgage Default Management Tools We Leverage

Mortgage default servicing lay open to major federal mandated programs, including HAMP, HARP, etc., which necessitates a clear settlement and frequent regulations to make sure that the non-paying assets are diminished. To make that happen, we leverage modern mortgage default management tools. Those are -

BytePro
Calyx Point
Encompass360
Lending Pro Software
Loan Assistant
Magna Timeshare Software
Mortgage Lens
Qualia

Client Success Stories

Arrow

FWS Helped Mortgage Lender Improve Business Conversions by Providing Underwriting Services

Flatworld Solutions enhanced the size of the business by 15% for a mortgage lender based in the US. Our cost-efficient underwriting support rescued the client from slow growth.

Read More
Arrow

Residential Mortgage Lender Benefits from Quick Loan Processing & 50% Reduction in Cost

The loan closing time was brought down by 30-50% by Flatworld Solutions The client's way of dealing with greater loan volume was optimized by our solution.

Read More
Success Stories

Outsource Mortgage Default Management Support Services to FWS

Flatworld Solutions is one of the leading mortgage default management support services company providing high-quality mortgage default back-office support services and a gamut of other mortgage support solutions to its global clientele. Today, the volatile servicing industry and increased federal regulations are driving the mortgage companies to embrace offshore solutions to manage the non-payments associated with the mortgage loans.

At FWS, we have comprehensive understanding & knowledge of the US mortgage servicing industry and we have adopted a time-tested mortgage default management approach to mitigate the losses. Get in touch with us today for reliable, competent, and affordable mortgage default management services.

Contact Us

Mortgage Processing

Our Customers

Movement Mortgage
Alcon
ARI
Maximus
Redwood E-Learning Systems
Info Email

USA

Flatworld Solutions

116 Village Blvd, Suite 200, Princeton, NJ 08540


PHILIPPINES

Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000

KSS Building, Buhangin Road Cor Olive Street, Davao City 8000

Important Information: We are an offshore firm. All design calculations/permit drawings and submissions are required to comply with your country/region submission norms. Ensure that you have a Professional Engineer to advise and guide on these norms.

Important Note: For all CNC Services: You are required to provide accurate details of the shop floor, tool setup, machine availability and control systems. We base our calculations and drawings based on this input. We deal exclusively with(names of tools).

Ok, Got it.

Talk to Our ExpertsSchedule Your Free Consultation